Unit (UNT) Earns Daily Coverage Optimism Score of 0.13
News stories about Unit (NYSE:UNT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Unit earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 49.2547167700725 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- UNT feeling good about progress following second scrimmage (dentonrc.com)
- Iran says it is seeking solution to sell oil and transfer revenues: IRNA (feeds.reuters.com)
- DIVERSANT recognized by SIA as one of the Largest IT Staffing Firms in the United States (prweb.com)
- UK Cryptocurrency Startups Suffer Dwindling Fortunes Amidst Market Decline (bitcoinist.com)
- Oakmont Senior Living & The Tubbs Fire: Family Member Testimonial (prweb.com)
A number of research firms recently commented on UNT. SunTrust Banks reissued a “hold” rating and set a $26.00 price objective on shares of Unit in a report on Friday, August 10th. Cowen set a $30.00 price objective on shares of Unit and gave the stock a “hold” rating in a report on Thursday, July 19th. ValuEngine raised shares of Unit from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, Zacks Investment Research raised shares of Unit from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 20th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.00.
Unit (NYSE:UNT) last announced its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. Unit had a net margin of 13.28% and a return on equity of 2.78%. The company had revenue of $203.30 million for the quarter, compared to the consensus estimate of $202.88 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. analysts forecast that Unit will post 0.75 EPS for the current fiscal year.
Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties, principally located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.
Further Reading: Earnings Per Share
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